ProShares S&P 500 High Income ETF (BATS:ISPY) Shares Cross Below Two Hundred Day Moving Average – Here’s What Happened

ProShares S&P 500 High Income ETF (BATS:ISPY)’s share price passed below its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $47.03 and traded as low as $46.84. ProShares S&P 500 High Income ETF shares last traded at $46.83, with a volume of 41,076 shares traded.

ProShares S&P 500 High Income ETF Stock Down 0.9%

The company has a 50-day simple moving average of $48.10 and a two-hundred day simple moving average of $47.03. The firm has a market cap of $1.13 billion, a PE ratio of 25.49 and a beta of 0.86.

Institutional Investors Weigh In On ProShares S&P 500 High Income ETF

A number of hedge funds have recently made changes to their positions in ISPY. Bank of America Corp DE boosted its holdings in shares of ProShares S&P 500 High Income ETF by 4.5% in the 1st quarter. Bank of America Corp DE now owns 1,436,711 shares of the company’s stock worth $62,281,000 after buying an additional 61,472 shares during the last quarter. Hennion & Walsh Asset Management Inc. grew its position in ProShares S&P 500 High Income ETF by 4.2% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 1,047,800 shares of the company’s stock valued at $50,493,000 after buying an additional 42,316 shares during the period. Sanctuary Advisors LLC grew its position in ProShares S&P 500 High Income ETF by 2.1% during the first quarter. Sanctuary Advisors LLC now owns 318,448 shares of the company’s stock valued at $13,805,000 after buying an additional 6,528 shares during the period. Pine Valley Investments Ltd Liability Co increased its holdings in ProShares S&P 500 High Income ETF by 5.6% during the first quarter. Pine Valley Investments Ltd Liability Co now owns 279,318 shares of the company’s stock worth $12,108,000 after buying an additional 14,856 shares during the last quarter. Finally, Commonwealth Equity Services LLC purchased a new stake in ProShares S&P 500 High Income ETF during the third quarter worth about $8,824,000.

About ProShares S&P 500 High Income ETF

The ProShares S&P 500 High Income ETF (ISPY) is an exchange-traded fund that is based on the S&P 500 Daily Covered Call index. The fund tracks an index pursuing a daily covered call writing strategy on the stocks of the S&P 500 Index. The fund seeks generate a high level of income combined with the performance returns of the S&P 500 Index over the long term. ISPY was launched on Dec 18, 2023 and is issued by ProShares.